Which of the Following Is/are Likely to Lead to Budget

question 72

Multiple Choice

Which of the following is/are likely to lead to budget acceptance?
I Targets are developed with employee inputs.
Ii Employees are held responsible for activities that they can control.
Iii Budget is cascaded down from corporate level to the various responsibility centres.

• A) i only
• B) i and ii
• C) i and iii
• D) ii and iii

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Definitions:

Permanent Income Hypothesis

A theory suggesting that an individual's consumption at a point in time is determined by their expected lifetime income, not just their current income.

Consumption

Consumption involves the use of goods and services by households, and it's a primary component of economic activity.

Lottery

A lottery is a form of gambling that involves the drawing of numbers for a prize, often administered by state or federal governments.

Conspicuous Consumption

The act of spending money on and acquiring luxury goods and services to publicly display wealth and social status.